Jersey Budget for 2017 Lodged

On 18 October 2016, Jersey's Minister for Treasury and Resources lodged the Draft Budget for 2017. The main tax-related measures include:

• Introducing unilateral double taxation relief on the basis of domestic legislation for companies subject to tax at 10% or 20% from 2017 (currently relief generally only granted under a tax treaty);
• Amending the tax treaty with Guernsey to provide a clear legal basis for the tax relief granted to Jersey residents for underlying tax suffered on dividends rec…